Squeezed for Credit

Elizabeth Warren's advice on personal finances and credit cards

Elizabeth Warren, Chairwoman of the Congressional Oversight Panel on TARP and professor at Harvard Law School, continues her conversation with The Takeaway. Before she was monitoring government expenditure, she wrote several books on personal finance including, All Your Worth: The Ultimate Lifetime Money Plan. So before she left we wanted to get her take on personal finance and how the nation's families are affected by tight credit markets.

"At the end of the day, today's two-income family has less money left over after those five basic expenses than the one-income family had a generation ago." —Congressional oversight panel Chairwoman Elizabeth Warren on the economic state of American families